The Madison Square Garden Company (MSGS) – What Are Analysts Saying About This Stock?

The Madison Square Garden Company (NYSE:MSGS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $471.20.

Several research firms have recently commented on MSGS. Guggenheim increased their price objective on Madison Square Garden from $522.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings raised shares of Madison Square Garden from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Susquehanna lifted their price objective on shares of Madison Square Garden from $430.00 to $477.00 and gave the company a “positive” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. boosted their price objective on shares of Madison Square Garden from $450.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Finally, Zacks Research raised shares of Madison Square Garden from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th.

Institutional Trading of Madison Square Garden

Several institutional investors and hedge funds have recently bought and sold shares of MSGS. Robertson Stephens Wealth Management LLC raised its holdings in shares of Madison Square Garden by 0.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 8,812 shares of the company’s stock valued at $3,571,000 after acquiring an additional 30 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Madison Square Garden by 2.6% during the second quarter. Versant Capital Management Inc now owns 1,214 shares of the company’s stock worth $488,000 after purchasing an additional 31 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Madison Square Garden by 4.8% during the first quarter. DGS Capital Management LLC now owns 832 shares of the company’s stock worth $267,000 after purchasing an additional 38 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Madison Square Garden by 35.0% during the first quarter. EverSource Wealth Advisors LLC now owns 162 shares of the company’s stock worth $52,000 after purchasing an additional 42 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Madison Square Garden by 7.3% during the third quarter. Kestra Advisory Services LLC now owns 751 shares of the company’s stock valued at $304,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Trading Up 0.7%

Shares of MSGS stock opened at $387.25 on Tuesday. Madison Square Garden has a 1 year low of $207.90 and a 1 year high of $438.93. The firm’s fifty day moving average price is $396.27 and its two-hundred day moving average price is $361.82. The firm has a market capitalization of $9.32 billion, a P/E ratio of 1,290.87 and a beta of 0.62.

Madison Square Garden (NYSE:MSGS) last posted its quarterly earnings data on Friday, November 6th. The company reported ($1.29) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.20). The business had revenue of $45.49 million for the quarter, compared to analyst estimates of $40.67 million. Madison Square Garden had a negative return on equity of 3.47% and a net margin of 0.67%. As a group, equities research analysts forecast that Madison Square Garden will post -1.13 EPS for the current fiscal year.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp. is a professional sports company that owns and operates the New York Knicks of the National Basketball Association and the New York Rangers of the National Hockey League. Its teams also include the Westchester Knicks of the NBA G League and the Hartford Wolf Pack of the American Hockey League.

The company’s activities include managing team operations and developing revenue through media rights, sponsorships, ticketing and team-related merchandise. Its teams are based in the New York metropolitan region, with a fan base and commercial reach that extend beyond the area.

Madison Square Garden Sports became an independent, publicly traded company in 2020, when The Madison Square Garden Company separated its sports operations from its entertainment and venue businesses.